MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, October 1, 2008 Some Bad Financial Bets Cost Magellan Harry Lange, manager Fidelity's flagship Magellan fund, made some some bad bets on now battered companies that have cost his fund. In Wednesday's WSJ Fund Track, Jon Kamp reports that due to late purchases of AIG and Morgan Stanley shares among others, Magellan is down 30.6 percent so far this year. The fund's decline outpaced peer groups and the S&P 500 index. Printed from: MFWire.com/story.asp?s=19497 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |